Not Your Daughter's Jeans Paying Dividend to Falconhead, Other Shareholders
Falconhead Capital is getting a dividend from denim apparel company Not Your Daughter's Jeans after three years. News of the dividend was disclosed in an announcement from LBC Credit Partners. LBC, a middle market lender, said Wednesday they were part of an $80 million loan that is being used to recapitalize NYDJ Apparel (LBC provided a $10 million senior term loan B that is part of the overall $80 million). The loan rebalances NYDJ's capital structure and provides a distribution to company shareholder's, the LBC statement said. It's unclear how big the distribution is. However, Thomson Reuters Loan Pricing Corp. says NYDJ is using the $80 million loan to pay a $48 million dividend to shareholders, which include Falconhead.
3 August 2011•2 mins read
